Why It’s Important to Have Collision Coverage

When you drive a car, there’s always a chance that you could be involved in an accident. The collision rider of your auto insurance is what pays for potential auto body damage to your car. It’s your first line of defense when it comes to paying for major repairs.

If you’re thinking of lowering the cost of your car insurance by dropping collision coverage, this could be a poor financial decision. Consider the following three reasons why it’s important to have collision coverage as a part of your auto insurance policy.

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1. It Covers Damage When You Cause the Accident

When you are at least 50 percent at fault for an accident, you need to have your own collision insurance to cover repairs to your car. If you drop coverage, you’ll have to pay out of pocket to get your vehicle fixed. If your car is totaled, collision coverage provides you with its market value before it was damaged in the accident.

To make collision coverage more affordable, you can always get a fresh set of car insurance quotes. Be sure to check for discounts such as multiple-policy discounts.

2. It Prevents Problems With the Other Driver’s Insurance

When somebody else is at fault for an accident, the onus should be on their policy to pay for your damages. However, their insurance company might be slow or difficult to work with. Having your own collision coverage allows you to have your car fixed right away. Your auto insurance provider will seek reimbursement from the other driver’s policy without you having to do anything.

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3. It Provides Protection Under Other Circumstances

If your car is hit by a driver without car insurance, collision coverage may pick up some of the repair costs. Collision coverage also kicks in for hit-and-run accidents. In an unusual circumstance such as your car getting hit by a snowplow or ambulance, collision coverage may provide reimbursement.

We encourage you to check out our links to see how you could benefit from some great auto insurance discounts.